Comments on: Third Step to Building Wealth: Pay Off High Interest Debt http://dividendmonk.com/third-step-to-building-wealth-pay-off-high-interest-debt/ Dividend Stocks for Building Wealth Thu, 17 May 2012 03:05:37 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Matt http://dividendmonk.com/third-step-to-building-wealth-pay-off-high-interest-debt/comment-page-1/#comment-856 Matt Sat, 10 Jul 2010 16:37:21 +0000 http://dividendmonk.com/?p=1098#comment-856 Good point Glenn. Thanks for the comment. Good point Glenn. Thanks for the comment.

]]> By: Glenn http://dividendmonk.com/third-step-to-building-wealth-pay-off-high-interest-debt/comment-page-1/#comment-846 Glenn Sat, 10 Jul 2010 13:15:35 +0000 http://dividendmonk.com/?p=1098#comment-846 It's even worse -- in after-tax dollars, the difference in rate between stock market returns and credit card interest is much higher because you are paying credit interest in after-tax dollars but the 8-10% stock market returns are before tax. If you have a department store credit card charging 29.9% interest, you would have to make at least a 45-55% return on the same money in your investments! It’s even worse — in after-tax dollars, the difference in rate between stock market returns and credit card interest is much higher because you are paying credit interest in after-tax dollars but the 8-10% stock market returns are before tax.

If you have a department store credit card charging 29.9% interest, you would have to make at least a 45-55% return on the same money in your investments!

]]> By: Interest Rates » Third Step to Building Wealth: Pay Off High Interest Debt … http://dividendmonk.com/third-step-to-building-wealth-pay-off-high-interest-debt/comment-page-1/#comment-842 Interest Rates » Third Step to Building Wealth: Pay Off High Interest Debt … Sat, 10 Jul 2010 12:01:19 +0000 http://dividendmonk.com/?p=1098#comment-842 [...] Read the rest of this great post here [...] [...] Read the rest of this great post here [...]

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